The use of master cards was considered as one of the most popular methods of payment at online casinos. But now unfortunately, Master Card and credit card processing in general is going through a difficult time as it has decided to stop taking all gambling transactions.
Online casinos have been hit by a massive crackdown by MasterCard to stop people in the US spending money at online casinos and poker. Some of the major online poker and casino sites have stopped displaying that they are accepting MasterCard due to the new crackdown. This is a big blow for online casino/poker/bingo operators as a lot of gambling transactions are done via credit cards. Its reported that MasterCards biggest rival Visa are also following them in the footsteps and are taking similar measures to stop such transactions. Why are the top credit card companies doing this? Well MasterCard and Visa and all other Banks and Card Operators will sooner or later have to do this thanks to a fantastic (not) new law coming into place soon in the USA that stops online gambling transactions from happening via payment companies. This law is called the Unlawful Internet Gambling Enforcement Act (UIGEA). The new law is set to come into place on June 1st 2010 but was supposed to come into place in December last year.
From the online players perspective that what alternative methods they use into their online casino accounts. There are still a range of options available including E-Wallets, E-Checks, Neteller and Paypal etc.
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